SunTrust Banks’ (STI) Hold Rating Reiterated at BMO Capital Markets

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BMO Capital Markets reissued their hold rating on shares of SunTrust Banks (NYSE:STI) in a research report released on Sunday morning. The firm currently has a $61.00 target price on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Edward Jones upgraded SunTrust Banks from a hold rating to a buy rating in a research report on Wednesday, October 31st. B. Riley set a $79.00 price objective on SunTrust Banks and gave the company a buy rating in a research report on Monday, October 15th. Jefferies Financial Group reiterated a buy rating and set a $75.00 price objective on shares of SunTrust Banks in a research report on Monday, October 8th. Zacks Investment Research upgraded SunTrust Banks from a hold rating to a buy rating and set a $58.00 price target on the stock in a research report on Saturday, January 5th. Finally, ValuEngine upgraded SunTrust Banks from a sell rating to a hold rating in a research report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $72.46.

Shares of SunTrust Banks stock opened at $60.56 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market cap of $27.28 billion, a PE ratio of 10.62, a PEG ratio of 0.96 and a beta of 1.39. SunTrust Banks has a 12 month low of $46.05 and a 12 month high of $75.08.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. SunTrust Banks had a return on equity of 12.40% and a net margin of 26.61%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. Research analysts forecast that SunTrust Banks will post 5.84 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors bought a new stake in shares of SunTrust Banks in the 3rd quarter worth approximately $441,578,000. Vanguard Group Inc. grew its position in shares of SunTrust Banks by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,403,676 shares of the financial services provider’s stock worth $2,431,401,000 after buying an additional 793,283 shares during the last quarter. Vanguard Group Inc grew its position in shares of SunTrust Banks by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 36,403,676 shares of the financial services provider’s stock worth $2,431,401,000 after buying an additional 793,283 shares during the last quarter. Bridgeway Capital Management Inc. bought a new stake in shares of SunTrust Banks in the 3rd quarter worth approximately $28,406,000. Finally, Millennium Management LLC grew its position in shares of SunTrust Banks by 560.3% in the 2nd quarter. Millennium Management LLC now owns 441,002 shares of the financial services provider’s stock worth $29,115,000 after buying an additional 374,218 shares during the last quarter. Institutional investors and hedge funds own 82.61% of the company’s stock.

About SunTrust Banks

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.

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Analyst Recommendations for SunTrust Banks (NYSE:STI)

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